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____/ GreyCloud on Monday 19 Apr 2010 05:24 : \____
> Roy Schestowitz wrote:
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>> ____/ GreyCloud on Saturday 17 Apr 2010 23:23 : \____
>>
>>> ZnU wrote:
>>>> In article <uuSdnShRR_REvVTWnZ2dnUVZ_oCdnZ2d@xxxxxxxxxxx>,
>>>> GreyCloud <mist@xxxxxxxxxxx> wrote:
>>>>
>>>>> Roy Schestowitz wrote:
>>>>>
>>>>>>>> http://techdailydose.nationaljournal.com/2010/03/lawmaker-blasts-microsoft
>>>>>>>> .php
>>>>>>>>
>>>>>>>>
>>>>>>>> Microsoft's Suport of Chinese Censorship: Smart Business, Poor Morals
>>>>>>>>
>>>>>>>> http://www.dailytech.com/Microsofts+Suport+of+Chinese+Censorship+Smart+Bus
>>>>>>>> iness+Poor+Morals/article17966.htm
>>>>>>> Actually, not much is made in the US anymore. Anything you buy here
>>>>>>> you'll find a tag that says made in China... a lot of products have that
>>>>>>> tag now.
>>>>>> They let the national debt grow. How long before China cuts the middleman
>>>>>> ("knowledge worker") from the West?
>>>>>>
>>>>> The debt grew out of fraud and greed. The whitewashed gov. books claim
>>>>> around $14trillion... but in reality it has exceeded $27trillion.
>>>>> No way can that amount be paid off in tax collections.
>>>> Nonsense. US debt as a fraction of GDP is not at especially dangerous
>>>> levels. It was at levels a fair bit higher during and immediately
>>>> following WWII, and most of it was subsequently paid off without
>>>> destroying the economy or something.
>>>>
>>> Where were you when the Federal Reserve took... stole all of the loot?
>>> Remember the 2008 bail-out bill? And when asked where did all the money
>>> go, the Federal Reserve chairman said I won't tell you.
>>> I call that outright theft!
>>>
>>>>> The middleman has just about been cut out of the loop. Our economy is
>>>>> service based now. Soon that will dwindle when more and more people
>>>>> become unemployed. Unemployed people don't buy anything.
>>>> The economy is recovering.
>>> BWAHAHAHAHAHAHAHA!!!! You keep on drinking their kool-aide!
>>> The derivative bubble is so blown up and tight it is about to burst.
>>
>>
>> The debt remains and Goldman has just been sued for fraud, sinking along it
>> many markets and commodities on Friday. One professor said this was just the
>> "tip of the iceberg" (see Reuters).
>>
>>
>
> They are eating their own now.
> That is the nature of consolidation, yet the financial tom-fools don't
> get it yet.
>
>>>> The notion that an economy necessarily must center around producing
>>>> physical goods, and anyone directly not involved with producing physical
>>>> goods is some sort of useless middleman, shows a complete
>>>> misunderstanding of the structure of the modern economy and of economics
>>>> in general. You seem to think that services increasingly dominate
>>>> developed world economies solely because manufacturing is being shipped
>>>> overseas, but this is not the case at all, as one can see in the fact
>>>> that the services sector is now twice the size of the industrial sector
>>>> as a fraction of the gross WORLD product. Last time I checked we weren't
>>>> shipping manufacturing jobs to any other planets yet.
>>>>
>>> We don't have much left to manufacturing. Most of it left overseas.
>>> Why? Taxes are too high and way too many regulations.
>>> All that is left is the small businessman and the service industry.
>>> Here is a good read from a very reliable and accurate source:
>>>
>>>
http://www.theinternationalforecaster.com/International_Forecaster_Weekly/Trillions_Pumped_In
_And_Little_to_Show_For_It
>>
>> MoveOn.org Political Action: Corporations: Pay your Fair Share
>>
>> http://pol.moveon.org/exxontaxday/
>>
>
> And General Electric paid $0.00 in taxes.
It has the "Federal" tag, like "Federal Motors" and "Federal Express".
Does the "Federal Reserve" pay tax?
- --
~~ Best of wishes
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